Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210 shares of the business services provider’s stock after acquiring an additional 3 shares during the quarter. Quadrant Capital Group LLC’s holdings in Booking were worth $1,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IHT Wealth Management LLC boosted its stake in shares of Booking by 6.8% during the third quarter. IHT Wealth Management LLC now owns 156 shares of the business services provider’s stock worth $678,000 after buying an additional 10 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Booking by 30.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,498 shares of the business services provider’s stock worth $10,522,000 after acquiring an additional 586 shares during the period. EP Wealth Advisors LLC grew its stake in shares of Booking by 92.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,600 shares of the business services provider’s stock valued at $6,739,000 after purchasing an additional 768 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Booking by 1.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,125 shares of the business services provider’s stock valued at $8,951,000 after purchasing an additional 25 shares during the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of Booking by 2.0% in the third quarter. Dunhill Financial LLC now owns 155 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $4,284.02 on Monday. The firm has a market capitalization of $140.58 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a 50 day moving average price of $4,757.12 and a 200 day moving average price of $4,760.24.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is 22.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets lifted their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Morgan Stanley increased their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Finally, B. Riley increased their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5,374.90.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.